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NT/P68 Farmin Agreement Notice Dates Extended to 28th October

Source: www.gulfoilandgas.com 8/15/2014, Location: Not categorized

MEO Australia Limited has agreed with Eni Australia Limited (Eni) to extend the notice dates under the NT/P68 Farm-in Agreement (FIA) for the second Heron well and the option for Eni to acquire an additional 25% participating interest in the Blackwood area from 29th August 2014 to 28th October 2014.

MEO’s CEO and MD Jürgen Hendrich, commented on the announcement:
“This further extension provides additional time for the Operator to complete quantification of the discovered resources and determine its strategy in relation to these options.”

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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